Word: yao
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...Yao Wei, a press officer on leave from the Ministry of Foreign Affairs of the People's Republic of China, stressed that international relations deserve as much attention as domestic affairs. He said the United States and his country "both have a lot to learn" and can eliminate decades of hostility by open discussion...
...Yao related his reunion in China with an older brother who had been in this country for 40 years. Yao told his brother he had been to Korea, that he had fought in the war for China. His brother responded that he too had been to Korea, but he had fought in an American uniform. "We had a lot to talk about," Yao told the suddenly hushed audience...
...malady of seeking quick results. Instead it will base itself on actual economic conditions, putting the stress on practical results and step-by-step development." With these words, spoken before the standing committee of China's National People's Congress Feb. 28, Vice Premier Yao Yilin described a watershed decision by the country's economic planners. Specifically, Yao announced a drastic 13% cutback of the 1981 budget; capital construction, the hardest-hit sector, would be chopped almost in half. Peking, it appeared, was scrapping much of the philosophy behind the ambitious Four Modernizations* development campaign launched with...
...said the Chinese government would "regulate the economy according to the pressures" of the market, but "within the state plan," with cuts coming primarily from heavy industry and defense. Although the government would intervene "where necessary...to avoid economic anarchy," Yao also said the developments of private business would be encouraged...
...student also said that Yao entered his present office with an "emphasis on supply and demand rather than central planning." He added he expected this more moderate policy to continue, and predicted that the long-term effects of the plan would be beneficial to China's economy...